{
  "ticker": {
    "uuid": "c49789fe-b590-4dbb-83b5-7915a3924cf0",
    "symbol": "BY",
    "name": "Byline Bancorp Inc",
    "exchange": "NYSE",
    "country": "US",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 71.998,
    "architecture_energy": 76.085,
    "architecture_maturity": 44.195,
    "architecture_confidence": 84.678,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 0.0,
        "rotation_up": 76.57,
        "upward_expansion": 94.3,
        "deceleration": 44.64,
        "rotation_down": 14.55,
        "downward_expansion": 16.3
      },
      "activity_lines": [
        38.602295,
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        36.158042,
        35.006741
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 38.83,
    "trend_reference": 33.693867,
    "distance_from_trend": 0.152435,
    "trend_direction": "Improving",
    "fair_value": 26.487311,
    "distance_from_fair_value": 0.465985,
    "fair_value_direction": "Improving",
    "relative_strength": 10.848641,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.162977,
    "excess_performance": 0.037352,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.152435,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.090027,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.465985,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.141167,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.108486,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.085011,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.162977,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.43976,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1075191,
      "relative_activity": 0.822527,
      "balance": 1.43976,
      "dry_up": 1.052583,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.040499,
      "annualized_volatility": 0.195639,
      "from_high_reference": -0.029978,
      "from_low_reference": 0.535393
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    "levels": {
      "trend_reference": 33.693867,
      "fair_value_reference": 26.487311,
      "structural_low": 29.612189,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 29,
        "median_return": -0.000642,
        "positive_rate": 0.482759,
        "directional_follow_through": 0.482759,
        "median_excess_return": -0.027646,
        "regime_survival": 0.758621,
        "best_return": 0.129464,
        "worst_return": -0.136568,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "worst_return": -0.310827,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.15883,
        "sufficient": false
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        "regime": "rotation_down",
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      },
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 16.032386,
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      },
      {
        "date": "2026-07-03",
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        "trend": 32.267811,
        "fair_value": 25.904032,
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      },
      {
        "date": "2026-07-10",
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        "trend": 32.487904,
        "fair_value": 26.026209,
        "relative_strength": 10.278863,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 72.054429,
        "energy": 86.446338,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 37.926423,
        "volume": 1272272,
        "typical_volume": 1237819.55,
        "trend": 32.742514,
        "fair_value": 26.149091,
        "relative_strength": 14.130068,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.246563,
        "energy": 88.455073,
        "activity_lines": [
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          34.774487,
          33.893343
        ]
      },
      {
        "date": "2026-07-24",
        "close": 38.464527,
        "volume": 1794173,
        "typical_volume": 1290598.4,
        "trend": 33.041534,
        "fair_value": 26.259988,
        "relative_strength": 15.948736,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.471094,
        "energy": 84.036497,
        "activity_lines": [
          37.834895,
          36.861049,
          35.241375,
          34.262505
        ]
      },
      {
        "date": "2026-07-31",
        "close": 39.132176,
        "volume": 1362026,
        "typical_volume": 1311652.4,
        "trend": 33.38498,
        "fair_value": 26.37449,
        "relative_strength": 16.117774,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.218155,
        "energy": 82.323331,
        "activity_lines": [
          38.321697,
          37.449647,
          35.734914,
          34.65545
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.83,
        "volume": 1075191,
        "typical_volume": 1307180.6,
        "trend": 33.693867,
        "fair_value": 26.487311,
        "relative_strength": 10.848641,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.997651,
        "energy": 76.085156,
        "activity_lines": [
          38.602295,
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          36.158042,
          35.006741
        ]
      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}